Short selling digital currency, new plan
Looking at the profits in the account, the two glanced at each other and smiled.
"Honey, how about we buy Qianke's house together?" Ye Cheng suddenly suggested. "After all, a house is a good investment. Pengcheng also has limited purchases, and a family can only purchase two units at most."
Originally, Ye Cheng had been contemplating buying a villa. However, the prices seemed too expensive, starting at tens of millions, which he found a bit too steep at the moment. Furthermore, the appreciation potential of villas was not as significant as that of commercial housing.
Lin Yuanyuan was momentarily stunned, then exclaimed, "Husband, I think your idea is brilliant! Why didn't I think of it?"
"It's never too late to consider it now," Ye Cheng replied, stifling a yawn. "It's almost dawn, but I still have some things to attend to."
He intended to short Bitcoin next, though not all of their funds would be invested. With over 4.25 million US dollars in the account, equivalent to more than 28 million soft sister coins, Ye Cheng decided to withdraw three million US dollars. The remaining 1.2 million would be used for shorting Bitcoin, not wanting to overextend and attract undue attention.
"Husband, with the remaining funds, are you planning to continue buying?" Lin Yuanyuan inquired curiously.
"This time it's short selling, meaning we'll be betting on Bitcoin's decline," Ye Cheng explained. Seizing the opportunity before Bitcoin reached 20,000, he quickly initiated the short position with fivefold leverage. He purchased the short contract at a price of 19,938 yuan, selling 312.24 bitcoins with a quarterly cycle.
However, Ye Cheng didn't intend to wait for three months before cashing out. According to his recollection, in early February 2018, Bitcoin plummeted to around 8,000 US dollars. He planned to sell the short contract then and wait for the next significant wave, which wouldn't materialize until the end of 2020.
To avoid constant monitoring, Ye Cheng set up an automatic position clearing if Bitcoin dropped to 8,000 US dollars, ensuring he wouldn't miss the opportunity. With his strategy in place, he glanced at his drowsy wife and suggested, "Alright, let's head to bed."
Lin Yuanyuan nodded, settling down beside Ye Cheng and quickly drifting into sleep. Ye Cheng followed suit, his snores filling the room.
The following morning, Ye Cheng woke at nine o'clock, stirred by Qinqin's gentle nudges. Duty called, and he obliged, taking Qinqin out for breakfast while allowing his wife to rest.
In the afternoon, despite their fatigue, they initiated their moving endeavor, eager to settle into their new home before Lin Yuanyuan resumed work the next day. Though the distance posed a challenge for Qinqin's kindergarten commute, they resolved to switch her to a more upscale institution nearby, willing to invest in her education.
"Dad, Mom, are we going to live here from now on?" Qinqin exclaimed joyfully as she explored their new abode.
"Yes, this will be our home. Do you like it?" Ye Cheng asked, smiling at her enthusiasm.
"I love it! I'll finally have space for all my toys!" Qinqin rejoiced.
Moved by her excitement, Ye Cheng reassured her, promising to provide all the toys she desired.
That night, the family shared their first meal in their new home, relishing the spaciousness and tranquility. Qinqin's joy was palpable as she reveled in her newfound freedom.
The next day marked the beginning of a new routine. Lin Yuanyuan returned to work, while Ye Cheng enrolled Qinqin in a prestigious kindergarten nearby, ensuring she received the best education.
With his family settled, Ye Cheng pondered his next steps. Aware of the burgeoning opportunities in the digital realm, he contemplated venturing into the world of Douyin, recognizing its potential for profit. His plan was simple: establish an anchor studio and nurture budding talent to capitalize on the burgeoning live streaming trend.
Armed with his knowledge of popular anchors and the evolving landscape of social media, Ye Cheng was confident in his ability to navigate this new venture and secure a prosperous future for his family.